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Missile strikes Poland, killing 2, while G20 leaders attend summit in Bali. There remains contention as to the source of the missile. UK embarks on £55bn austerity plan. Republicans secure control of the House. Layoffs in tech continue to grab headlines. US PPI slightly below expectations, in line with last weeks releases. US Retail sales above forecasts. US housing data continues to moderate, but remain above expectations.
Markets settle down a little going into the start of the holiday season. Equities very muted on the week, commodities sag and bonds get some bids.
Commodity sectors turn back down across the board, falling again to formulate new highs.
Oil in particular shows very bearish sentiment.
Inversion worsens in the US treasury curve.